Barrick Gold Net Income Rises 9%;
Revenue Drops 3% From Year Ago

a Wall Street Journal Staff Reporter

Updated Oct. 20, 2000 12:01 a.m. ET

Barrick Gold Corp. said third-quarter net income rose 9% to $86 million, or 22 cents a diluted share, from $79 million, or 20 cents a share, in the year-earlier period. Revenue declined 3% to $321 million from $331 million a year earlier.

The Toronto gold producer said the revenue decline was offset by lower income taxes and the effects of its hedging program. This program adds to earnings by borrowing gold and then selling it against...